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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27482)	7/15/1999 12:08:00 PM
From: IQBAL LATIF	Read Replies (1) of 50167

APPLIED MATERIALS INC (AMAT-Nasdaq): Technical Viewpoint: From a low of $52 3/4 on May 26, 1999 prices rallied, reaching a high of $72.00 on Jun 22, 1999. A decline saw prices pull back, reaching a low of $63 3/8 on Jun 28, 1999. Another rally saw prices penetrate resistance line "A", closing 7/14/99 at $77 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 8, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $72 1/2. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 12, 1999. A P&F downside reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! APPLIED MATERIALS INC (AMAT-Nasdaq) @ $77 3/4 Stop: Use a protective stop of $74 7/8. APPLIED MATERIALS INC is currently trading @ $77 1/2 plus $5.00 on Jul 14, 1999. Price Objective: $98.00. Risk/Reward: $2 7/8 VS. $20 1/4. Today's Risk Reward Ratio: 7:1 View Sample Three Part Technical Chart Daily Candle Stick Chart Point & Figure Chart Technical Study Price Objective: $98.00 Risk/Reward: $2 7/8 VS. $20 1/4 Risk/Reward Ratio: 7:1

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